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Gourmet Java Junkies to Get Cheap Fix at Drugstores

If you’re a java junkie, sometimes nothing less than a trip to the nearest gourmet coffee shop will do. That is until now.

Under a new deal, Coinstar will roll out coffee kiosks featuring Seattle's Best Coffee beverages in drugstores -- as well as grocery stores and other retailers.

The kiosks will serve brewed coffee and specialty drinks including mochas and vanilla lattes with prices starting at $1.

“We’re really excited about this opportunity – this is a natural extension of our automated retail footprint,” says Coinstar CEO Paul Davis on CNBC’s Fast Money Halftime Report.

“We’ve been testing this for about 2 years – and there’s an undeserved consumer – we’re convinced this is a terrific business opportunity.”

The kiosks will first be rolled out in the Northeast and West Coast.

“It’s a very aggressive strategy,” muses Fast Money trader Joe Terranova. I think Constar is a name you can own.”

If you're one of those snobbish coffee drinkers who insists that only Starbucks will do, you should know that although they were once arch rivals, Starbucks bought Seattle’s Best in 2003, but retained the brand, in part because of its loyal following.



Posted by CNBC's Lee Brodie

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Trader disclosure: On June 6, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long PNC; Joe Terranova is long USB; Joe Terranova is long TCBI; Joe Terranova is long SBUX; Joe Terranova is long WMB; Joe Terranova is long SJM; Joe Terranova is long UPL; Joe Terranova is long WFM; Joe Terranova is long IBM; Joe Terranova is long CNX; Joe Terranova is long HYG; Joe Terranova is long AAPL; Joe Terranova is long EMC; Joe Terranova is long NXPI; Joe Terranova is long LPX; Joe Terranova is long XNDK; Joe Terranova is short JUNE MINI S&P FUTURES; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long XLU; Steve Grasso is long ZAZA; Stephanie Link is long JPM; Stephanie Link is long DD

For Steve Cortes
Nothing to disclose

For Scott Mullinix
Scott Mullinix is long FISGX
Scott Mullinix is long CERN
Scott Mullinix is long ALXN
Scott Mullinix is long PRGO
Scott Mullinix is long SBAC
Scott Mullinix is long PXD

For Tony Crescenzi
Nothing to disclose



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